Sweet Sue Foods has bonds outstanding with a coupon rate of 5.41 percent paid semiannually and sell for $1,936.98. The bonds have a par value of $2,000 and 17 years to maturity. What is the current yield for these bonds?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 3EB: Smashing Cantaloupes Inc. issued 5-year bonds with a par value of $35,000 and an 8% semiannual...
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Sweet Sue Foods has bonds outstanding with a coupon rate of 5.41 percent paid semiannually and sell for $1,936.98. The bonds have a par value of $2,000 and 17 years to maturity. What is the current yield for these bonds?

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